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January 2011

Pantaloon Retail (India) Limited (30-6-2010)

By Himanshu V. Kishnadwala | Chartered Accountant
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Section A : Disclosures on Clause 21 of CARO, 2003 regarding
fraud noticed or reported on or by the company during the year


10. Pantaloon Retail (India) Limited (30-6-2010)

From Auditor’s Report :

To the best of our knowledge and belief and according to the
information and explanations given to us, no fraud on or by the Company has been
noticed or reported during the year, although there were some instances of fraud
on the Company by the Management, the amounts whereof were not material in the
context of the size of the Company and the nature of its business and the
amounts were adequately provided for.


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